Bitter Nigger Inc.

Bitter Nigger Inc.: Because Bitter Is Better, Baby!
BITTER NIGGER BROADCAST NETWORK
BITTER NIGGER PRODUCT DIVISION
BITTER NIGGER PHARAMACEUTICALS

Chairwoman's Letter

Tana Hargest
Chairwoman of the Board
and Chief Executive Officer
12 June 2002

To Our Potential Shareholders:

For Bitter Nigger Inc. and our investors, 2001 proved to be an extraordinary year. We expanded our cultural intervention mission in three exciting areas: Bitter Nigger Pharmaceutical, Bitter Nigger Product Division, and the Bitter Nigger Broadcast Network.

Much of Bitter Nigger Inc.'s success is attributable to our increased focus on doing what we do best—discovering, developing, and bringing to market innovative cultural interventions to save, protect, and enhance lives. Since I became CEO in 1997, we have divested all of our non-
cultural intervention businesses, including in 1998 all of the businesses that had been part of our Art Career/Art Star Group. Despite these divestitures, in the last eight months Bitter Nigger's ideas have doubled, viewer investment in Bitter Nigger Inc. has more than tripled, and the value of our relevancy stock has grown eightfold.

We created Bitter Nigger to fill the void in the contemporary art market. Bitter Nigger provides fresh ideas in the arena of political art and illustrates the shifting possibilities of contemporary cultural production. Through our packaging of concepts as consumable products we have increased the relevancy of art for viewers beyond the art world.

The road we have mapped out for ourselves is exciting. With careful planning and a focus on creativity, we endeavor to deliver the highest-quality cultural interventions available.

If you have any further questions or would like a copy of the Bitter Nigger Inc. annual report, please feel free to contact our director of public relations at 212-245-2508.

Tana Hargest
Chairwoman and Chief Executive Officer

Eight frames from Tominex. Bitter Nigger Inc., 2001

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